Relief Package

For the first six months of the year, Vietnam’s GDP growth is estimated at 5.8%, lower than the government’s expectation of 6.22%.

Prime Minister Nguyen Xuan Phuc has agreed on setting up a taskforce specialized in addressing bottlenecks for investment.

The focus of the government’s support this time would be for enterprises with high spillover effects to the economy, especially in fields of aviation, tourism and consumer products.

The total number of newly-registered and reinstated enterprises in the eleven-month period reached 165,100, up 0.9% year-on-year, averaging 15,000 per month.

The total number of newly-registered and reinstated enterprises in the ten-month period reached 148,900, down 0.3% year-on-year.

This package would follow the first financial relief one worth VND62 trillion (US$2.7 billion), which was rolled out in April to provide financial aid for up to 20 million people.

The decree is set to cover six beneficiary groups of up to 20 million people who would receive financial aid in cash for the next three months.

The relief package aims to maintain minimum living standards for vulnerable people in the next three months, local media reported.